Major Concepts/Content: The economics course is a one-semester course designed to acquaint students with the major concepts in the study of economics. Students study how scarce resources are allocated among competing demands. The production, distribution, and accumulation of wealth are discussed and analyzed. Supply and demand, business organization, money and banking, the role of the federal government, and comparisons among economic systems are major topics of study. The course is offered to the secondary student, grades ten through twelve. 

Major Instructional Activities: Instructional activities will be Provided that relate to the content of economics, Students plan and design budgetary graphs reflecting distribution of resources, visit banking and economic (financial institutions of the host nation, investigate marketing techniques, and make analyses of the economic systems of several societies. 

Major Evaluative Techniques: Evaluation will be comprised of unit tests, worksheet analysis, assessment of financial program designs, oral and written reports, and assessment of individual and group projects. 

Essential Objectives: Upon completion of the economics course, students should be able to:

• Identify the principles of capitalism.
• Analyze the role of the Federal Reserve System.
• Define the purposes of economic systems.
• Describe the role of the consumer in any society.
• Explain the three basic economic philosophies.
• Explain advertising techniques. Define the role of business in determining the GNP
• Describe the terms and concepts associated with personal finances. 

Last Revised: July 20, 2005